Schramberg

EQS-News: hGears AG Group: Preliminary 2023 free cash flow significantly better than Management’s guidance; adjusted EBITDA in line despite marginal revenues miss

Retrieved on: 
Tuesday, February 6, 2024
Convention (norm), EHV, Schramberg, Annual report, Management, Weather, CAPEX, AG, EUR, Bookkeeping

hGears AG Group: Preliminary 2023 free cash flow significantly better than Management’s guidance; adjusted EBITDA in line despite marginal revenues miss

Key Points: 
  • hGears AG Group: Preliminary 2023 free cash flow significantly better than Management’s guidance; adjusted EBITDA in line despite marginal revenues miss
    The issuer is solely responsible for the content of this announcement.
  • hGears AG Group: Preliminary 2023 free cash flow significantly better than Management’s guidance; adjusted EBITDA in line despite marginal revenues miss
    Schramberg, 6 February 2024 – hGears Group reports preliminary key financial figures for the fiscal year 2023, a period characterized by weak demand in end markets, overstocking, and adverse weather conditions.
  • The Group generated revenues of EUR 112.5 million in 2023, a marginal (-2.2 %) below the guided range of EUR 115 – 123 million.
  • In 2023, hGears Group achieved a negative free cash flow of EUR 3.1 million, significantly better than the guided negative EUR 9 - 12 million bandwidth.

EQS-News: Nine-month 2023 performance in line with expectations amid ongoing industry-wide destocking; focus remains on driving efficiencies

Retrieved on: 
Thursday, December 28, 2023
FCF, Growth, EUR, AG, Full-time equivalent, Schramberg, EHV, Film industry

Nine-month 2023 performance in line with expectations amid ongoing industry-wide destocking; focus remains on driving efficiencies

Key Points: 
  • Nine-month 2023 performance in line with expectations amid ongoing industry-wide destocking; focus remains on driving efficiencies
    The issuer is solely responsible for the content of this announcement.
  • On a sequential basis, EHV and e-Bike revenues increased in Q3 2023 versus Q2 2023, following sequential gains in the prior quarter.
  • Subsequently, revenue in the e-Tools business area decreased 34.8% for the first nine months of 2023 to EUR 20.7 million.
  • Amid this backdrop, our focus remains on optimizing operational aspects within our control to help realize immediate savings and drive efficiencies.

EQS-News: Schweizer Electronic AG: Current figures underline growth and stability

Retrieved on: 
Tuesday, November 7, 2023
Depreciation, Electronics, CFO, EBITDA, Growth, Schramberg, RTÉ Executive Board, Tax, Economic development, Security (finance), Bookkeeping

Schramberg, November 3, 2023 – SCHWEIZER confirms its very positive business development in the third quarter.

Key Points: 
  • Schramberg, November 3, 2023 – SCHWEIZER confirms its very positive business development in the third quarter.
  • Order intake in the third quarter increased significantly by 25.8 percent compared to the same quarter of the previous year.
  • At the end of the third quarter of 2023, the order backlog was 254.4 million euro (31.12.2022: 234.4 million euro).
  • For 2024, the Executive Board expects sales growth of 10 to 20 percent despite global uncertainties.

EQS-News: Schweizer Electronic AG: Schweizer Electronic and Trilogy enter into strategic marketing agreement for North America

Retrieved on: 
Tuesday, October 17, 2023
Partnership, Printed circuit board, Engineering, Schramberg, Electronics, Vehicle registration plates of Nepal, History, PCB, Professional, Video game, Trilogy

Under the terms of the agreement, Trilogy will represent SCHWEIZER’s advanced PCB and Semiconductor Embedding solutions in North America.

Key Points: 
  • Under the terms of the agreement, Trilogy will represent SCHWEIZER’s advanced PCB and Semiconductor Embedding solutions in North America.
  • "We are excited to partner with Trilogy, a company that shares our commitment to innovation, engineering and quality", said Nicolas Schweizer, CEO of SCHWEIZER.
  • "This strategic agreement will allow us to leverage Trilogy's customer network and engineering expertise to deliver superior value to our North American customers."
  • "We are delighted to enter into this strategic agreement with SCHWEIZER", said Terry Bishop, CEO of Trilogy.

EQS-News: hGears AG Group: Inventory destocking in e-bikes continues to weigh on performance in H1 2023; Focused on positioning the business for future growth and scalability

Retrieved on: 
Wednesday, August 9, 2023
Plant, Growth, EUR, EHV, Vehicle registration plates of Nepal, EBITDA, Schramberg, AG, FY, Marketing, Online shopping, Film industry, Eurobike

hGears AG Group: Inventory destocking in e-bikes continues to weigh on performance in H1 2023; Focused on positioning the business for future growth and scalability

Key Points: 
  • hGears AG Group: Inventory destocking in e-bikes continues to weigh on performance in H1 2023; Focused on positioning the business for future growth and scalability
    The issuer is solely responsible for the content of this announcement.
  • The decline in revenue is attributed to the e-Mobility and e-Tools business areas, with Conventional continuing to perform above Management’s expectations.
  • In e-Tools, dampened end-consumer demand, due to the sustained high inflationary environment and some order cancellations weighed on performance in the first half of 2023.
  • While some of these expectations still hold, we are, nonetheless, experiencing a greater-than-expected downturn in e-bikes, driven by the slow destocking cycle and demand dynamics.

EQS-News: hGears AG Group: Annual General Meeting approves all agenda items

Retrieved on: 
Thursday, June 15, 2023
Financial Oversight and Management Board for Puerto Rico, Annual, Supervisory board, EUR, Vehicle registration plates of Nepal, EBITDA, Management, Convention (norm), Schramberg, Environment, Security (finance)

Schramberg, 14 June 2023 – At the Annual General Meeting in Frankfurt am Main on 13 June 2023, the shareholders of hGears AG approved all items on the agenda.

Key Points: 
  • Schramberg, 14 June 2023 – At the Annual General Meeting in Frankfurt am Main on 13 June 2023, the shareholders of hGears AG approved all items on the agenda.
  • 72.45 percent of the share capital were represented at the Annual General Meeting.
  • Furthermore, the Annual General Meeting approved the actions of the Management Board and the Supervisory Board with 99.99 percent and 95.18 percent of the votes respectively and approved the compensation report with 79.96 percent.
  • For a detailed summary of the individual voting results, please refer to the heading “Annual General Meeting” in the Investor Relations section on our website ( www.hgears.com ).

EQS-News: Schweizer Electronic AG: Positive business development in the first quarter of 2023

Retrieved on: 
Wednesday, May 10, 2023
Tax, Depreciation, EBITDA, Schramberg, Turnover, Equity, Order, Automation, Sale, Security (finance)

Excluding Schweizer Electronic (Jiangsu) („SEC"), which is hold for sale, a clear turnaround in results was achieved.

Key Points: 
  • Excluding Schweizer Electronic (Jiangsu) („SEC"), which is hold for sale, a clear turnaround in results was achieved.
  • The first quarter still includes the fully consolidated results of Schweizer Electronic (Jiangsu) Co., Ltd.
  • Incoming orders amounted to 55.4 million euros in the first quarter of 2023 and increased accordingly by +32.8 percent compared to the same quarter of the previous year (Q1 2022: 41.7 million euros).
  • The Turnover of the SCHWEIZER-Group amounted to 37.1 million euros in the first quarter of 2023 (Q1 2022: 34.8 million euros).

EQS-News: Schweizer Electronic AG: Sale of SCHWEIZER China shares to WUS Kunshan successfully completed – Group figures for 2022 confirmed

Retrieved on: 
Monday, May 1, 2023
Kunshan, Tax, Sale, Federal Executive Boards, EBITDA, PCB, WUS, CFO, Depreciation, Growth, Schramberg, Security (finance), Cryptocurrency, Bookkeeping, Bank, Rare-earth element, EUR

Schramberg, 28 April 2023 - The sale of the majority of Schweizer Electronic (Jiangsu) ("SEC") to WUS Printed Circuit (Kunshan) ("WUS") was successfully completed on 25 April with receipt of the full agreed purchase price.

Key Points: 
  • Schramberg, 28 April 2023 - The sale of the majority of Schweizer Electronic (Jiangsu) ("SEC") to WUS Printed Circuit (Kunshan) ("WUS") was successfully completed on 25 April with receipt of the full agreed purchase price.
  • Schweizer Electronic AG now holds 20 per cent and WUS 80 per cent of the SEC joint venture.
  • The SCHWEIZER Group (according to IFRS) achieved sales of 131.0 million euros in 2022 (previous year: 122.7 million euros).
  • Nicolas-Fabian Schweizer, CEO of Schweizer Electronic AG, on the sale of the shares: "We have a ten-year and proven highly successful strategic cooperation with WUS.

EQS-News: hGears AG: e-Mobility expansion in 2022 despite difficult market environment; Full Year 2022 results in line with the Management Board’s guidance

Retrieved on: 
Friday, March 31, 2023
COVID-19, AG, Gardening, EUR, Vehicle registration plates of Nepal, EBITDA, Investment, Management, Growth, Convention (norm), Schramberg, Cryptocurrency, Online shopping, Lithium

hGears AG: e-Mobility expansion in 2022 despite difficult market environment; Full Year 2022 results in line with the Management Board’s guidance

Key Points: 
  • hGears AG: e-Mobility expansion in 2022 despite difficult market environment; Full Year 2022 results in line with the Management Board’s guidance
    The issuer is solely responsible for the content of this announcement.
  • In a persistently challenging business environment, the Group delivered results in line with Management’s guidance.
  • Sven Arend, CEO of hGears, comments: “In the context of the unprecedented challenges that our industry is facing, hGears achieved its guidance for the full year 2022.
  • In 2022, hGears benefitted in the Conventional business area from its strategic focus on the premium and luxury segments of the automotive industry.

EQS-News: hGears AG: Preliminary 2022 results in line with the Management Board’s guidance

Retrieved on: 
Saturday, March 11, 2023
Investment, Annual report, EUR, CET, Schramberg, EBITDA, Cryptocurrency

Schramberg, 7 March 2023 – hGears Group has today released preliminary key financial numbers for its fiscal year 2022.

Key Points: 
  • Schramberg, 7 March 2023 – hGears Group has today released preliminary key financial numbers for its fiscal year 2022.
  • The Group generated revenue of EUR 135.3 million in 2022, within the guided range of EUR 134 - 138 million.
  • As a result, the Group achieved an adjusted EBITDA of EUR 15.3 million, also within the guided range of EUR 14 – 17 million.
  • On Thursday, March 30, 2023, at 7:30 am CET, the company will publish its full Annual Report 2022 and host subsequently a live webcast with the management team.